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Eight Captain Valdes class destroyers to be transferred to China at a cost of 2,500 tons. First payment of 1,250 tons to be received this quarter with second payment and final transfer to take place in 4Q48.

Eight Ancon class torpedo boats to be transferred to China at a cost of 2,500 tons. First payment of 1,250 tons to be received this quarter with second payment and final transfer to take place in 4Q48.